Definition: the party designated to receive an estate at the end of a life estate Pronunciation: \ri-ˈmān-dər-mən\ Used in a Sentence: When the man named his son in his will he became the reaminderman of the..
Definition: a person who, for a fee, acts as an intermediary between a person seeking to lease a housing accommodation and a property owner seeking to acquire a lease for a housing accommodation Pronunciation: Used in a Sentence: The apartment complex had a rental agent in the office to help people who wanted to rent ..
Definition: the amount of money required to replace a structure having the same use and function as the original but using modern, available or updated materials Pronunciation: \ri-ˈplās-mənt\ Used in a Sentence: When determining the cost to rebuild the house the appraiser used replacement cost to calculate the f..
Definition: a portion of annual income set aside for covering the cost of major components (e.g. air conditioning) that wear out faster than the building itself Pronunciation: \ri-ˈplās-mənt\\ri-ˈzərv\ Used in a Sentence: When the air conditioning unit needed to be replaced we used the funds from our replacement reserves to p..
Definition: an official act of oral and/or written criticism with a formal warning included Pronunciation: \ˈre-prə-ˌmand\ Used in a Sentence: The associate was issued a reprimand for disclosing confidential information learned as a result of e..
Definition: the current cost of building a replica of the subject structure, using the same materials and construction standards Pronunciation: \ˌrē-prə-ˈdək-shən\ Used in a Sentence: Most appraisers estimate reproduction cost by the comparative co..
Definition: to annul, cancel, repeal, or terminate Pronunciation: \ri-ˈsind\ Used in a Sentence: When a contract has been rescinded, both parties are relieved from their obligations under the..
Definition: the amount of funds that an institution must hold in reserve against deposit liabilities Pronunciation: \ri-ˈzərv\ \ri-ˈkwīr-mənt\ Used in a Sentence: A change in reserve requirements is one method the FED uses to influence the supply..
Definition: for application and licensing purposes, a person who has resided in Florida continuously for four calendar months or more within the preceding year Pronunciation: \ˈre-zə-dənt\ Used in a Sentence: You do not have to be a resident of Florida to get your real estat..
Definition: defined under Chapter 475, F.S., to mean four or fewer residential units, vacant land zoned for four or fewer residential units, or agricultural property of 10 acres or less Pronunciation: \ˌre-zə-ˈden(t)-shəl Used in a Sentence: My brokerage handles only residential p..